So, Idea Makers propose an idea to a content creator, and the content creator decide if they will do content or not on that idea. Why would the content creator respect the agreement and not bypass entirely the idea maker? I'd say the Idea Maker should stake some money into their idea, which act as a bounty for the content creator, this way there is a real incentive to keep the idea maker in the value loop.
From the problem statement they claim they are solving, I'm not sure how they are solving those with the feature set they have. Content creator get rewarded pretty nicely on social media in the current model. I've recently seen a 19 year old girl generating $42M of net income on social media, what more do you need? I don't see the real problem. I think they are in a nice industry with SocialFi, but they might need to pivot a bit before they get real product market fit.
Tokenomics: large reward pool for content creator, but you can't subsidize content creator more than the advertising revenue that is coming, it's a very dangerous idea to give lots of tokens without proper revenue generation. They value their business at $100M at IDO launch? based on what? 25K users (most likely a lot are fake users)? As a comparison Twitter has 400M users with a $40B valuation, that's $100 per user. EGO value themselves at $4000 per user. Meanwhile, Facebook has 4B users and $500B valuation making it $125 per user.
The team has 23% of the token supply and will entirely vest in 3 years, that's not good for sustainability. Vesting doesn't appear to be on a daily vesting either, so increment of potential selling volume. The team has access to an additional 22% of the token supply through the project treasury, so essentially they have 45% of the supply making it a pretty centralized project. With only 4% of the token dedicated to the liquidity pools and liquidities on CEX, that means price will be very volatile and likely to be unsustainable. Early on, that imply that $100 of buying volume could create value creation of existing participants by as much as $2500 increase, so early investors and the team will get rich fast if the project get adoption and will lead to a massive crash once they start selling their hundreds of millions they got for cheap or entirely free.
How do you raise $4.2M but don't have a copy writer for your website to fix very obvious typo? Show Less
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